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Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function

dc.contributor.authorAzzalini, Paul
dc.contributor.authorBloch, Harry
dc.contributor.authorHaslehurst, Paula
dc.date.accessioned2017-01-30T13:44:41Z
dc.date.available2017-01-30T13:44:41Z
dc.date.created2008-11-12T23:32:55Z
dc.date.issued2004
dc.identifier.citationAzzalini, Paul and Bloch, Harry and Haslehurst, Paula (2004) Australian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function, School of Economics and Finance Working Paper Series: no. 04:07, Curtin University of Technology, School of Economics and Finance.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/34640
dc.description.abstract

This paper estimates a translog cost function for the Australian coal industry from 1968 to 2001. We use a variable measuring the shift to open-pit mining to capture the impact of technical change, while using a time trend to capture the impact of resource exhaustion. The cost function is estimated with the Zellner's SUR procedure. Technical change is significant in lowering cost, but over time this cost reduction has been largely offset by the impact of resource exhaustion.
dc.publisherSchool of Economics and Finance, Curtin Business Schoold
dc.subjectCost functions
dc.subjectTechnical Change
dc.subjectCoal mining
dc.subjectTranslog
dc.titleAustralian Coal Mining: Estimating technical change and resource exhaustion in a translog cost function
dc.typeWorking Paper
dcterms.source.volume04.07
dcterms.source.seriesSchool of Economics and Finance Working Paper Series
curtin.identifierEPR-2673
curtin.accessStatusOpen access
curtin.facultyCurtin Business School
curtin.facultySchool of Economics and Finance


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